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Zambia upholds new mineral tax

By Hicks Sikazwe Zambia will not reverse the 20 percent mineral tax implemented last month, despite protests from mining firms operating in the country. The government has maintained that the revised rates from three to eight percent for underground mining and six to 20 percent for open pit operations was …

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Kabwe mine dispute delaying reopening

By Potipher Tembo THE controversy surrounding the reopening of Zambia’s largest zinc and lead mine located in Kabwe, Central Province, has persisted for too long and should be resolved. The mine was closed way back in 1994 for economic reasons and has been a centre of controversy as many conglomerates …

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Kenmare forced to cut employees at Moma to save costs

Despite injecting major time and effort into reducing its unit costs to conserve cash at its Moma minerals sands project in Mozambique, and achieving some success, LSE/ISE-listed minerals sands miner Kenmare Resource has declared its actions to date insufficient. According to the company, it needs to cut costs in order …

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Gold mines in Ghana to be sold over power problems

Some gold mines in Ghana are about to be closed mainly due to power shortages that interfere with operations. The Chamber of Mines in Ghana has declined to name the mining companies. The Chamber has continuously called for lower taxes on diesel but the government wasn’t fast enough to provide for a solution …

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PRESIDENT LUNGU CHALLENGED OVER MINES BENEFITS

By Potipher Tembo SOON after being elected, Zambia’s sixth president, Edgar Lungu has been challenged by citizens living in mine areas to pay more attention to their problems. Those who talked complained that for a long time now, they had not benefited from the mineral wealth. They said now that …

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